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Aurora, Volvo are latest partners on self-driving heavy trucks By Reuters

By Paul Lienert and Hyunjoo Jin (Reuters) - Global heavy truck manufacturers are lining up technology partners to help build out self-driving systems for long-haul freight that could see widespread commercial service well before self-driving robotaxis. The latest alliance was announced Tuesday between Sweden's Volvo Group and California-based Aurora Innovation, building on a working relationship that dates back several years, the partners...

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Musk says cell supply shortage makes it difficult to scale up Tesla Semi production By Reuters

(Reuters) - Tesla Inc Chief Executive Officer Elon Musk tweeted on Tuesday that a cell supply shortage is making it difficult to scale up production of its long-delayed Tesla Semi commercial truck. "Demand is no problem, but near-term cell supply makes it hard to scale Semi. This limitation will be less onerous next year," the billionaire entrepreneur said https://twitter.com/elonmusk/status/1376843024303583236. Musk's statement was...

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GameStop names Amazon executive as chief growth officer By Reuters

(Reuters) - GameStop Corp (NYSE:GME) said on Tuesday it appointed Amazon.com Inc (NASDAQ:AMZN) executive Elliott Wilke as chief growth officer, the latest top level appointment after shareholder Ryan Cohen took charge of the video game retailer's e-commerce pivot. Shares of the company, which were at the center of a Reddit-driven retail trading frenzy, rose nearly 5% in premarket trading. ...

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Deliveroo eyes $10.5 billion listing after some funds steer clear By Reuters

By Lawrence White LONDON (Reuters) -Food delivery company Deliveroo will price its initial public offering at 390 pence per share, banks working on the deal said on Tuesday, at the bottom end of a previously indicated range for the food delivery group. That would indicate an overall valuation of 7.6 billion pounds ($10.46 billion), less than initially expected, after a string of...

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Electric vehicles to dominate line up at Toyota’s Lexus by 2025 By Reuters

TOKYO (Reuters) - Lexus, a luxury auto brand owned by Toyota Motor Corp, said on Tuesday it plans to introduce 20 new or improved models by 2025, of which more than 10 will be electric. Electrified models such as battery electric vehicles (BEV), plug-in hybrids and hybrid electric cars will be introduced, the company said in a statement. Lexus also unveiled a...

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Real-economy stirrings show U.S. leaves Europe in the dust By Reuters

By Leigh Thomas and Howard Schneider PARIS/WASHINGTON (Reuters) - Real-time data on everything from sit-down restaurant meals to job hirings shows American business and consumers leaping to take advantage of a fast vaccine rollout even as their European counterparts languish in extended lockdowns. And while some U.S. health experts express concern at the...

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UK wants to vaccinate all adults before sharing vaccine with other countries By Reuters

LONDON (Reuters) - Britain will focus on vaccinating the whole of its adult population before it can to provide any surplus shots to other countries such as its close neighbour Ireland, British business minister Kwasi Kwarteng said on Tuesday. More than 30 million Britons have received their first COVID-19 shots in the fastest vaccine rollout in Europe, with the aim of offering...

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European shares near record highs, led by banks By Reuters

(Reuters) - European shares inched toward all-time highs on Tuesday on hopes of a strong economic recovery, while investors looked past concerns over a U.S. hedge fund default that hit banking stocks a day earlier. The pan-European STOXX 600 index rose 0.5% by 0813 GMT, trading less than a percent below its record high, with bank stocks leading the gains. [GVD/EUR] ...

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Pennon may return unit sale cash to shareholders if it fails to find suitable deals By Reuters

(Reuters) - Pennon Group (LON:PNN) Plc said on Tuesday it would consider returning proceeds from its 4.2 billion pound ($5.78 billion) sale of its waste management unit to shareholders if it failed to find suitable investment opportunities in the UK water sector. The South-West Water owner said it is continuing to narrow down its review of potential growth opportunities,...

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